ALKT Stock Summary and Trading Ideas (Alkami Technology | NASDAQ:ALKT)

Alkami is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.

Alkami Technology trades on the NASDAQ stock market under the symbol ALKT.

As of March 23, 2023, ALKT stock price climbed to $12.08 with 233,993 million shares trading.

ALKT has a beta of 1.36, meaning it tends to be more sensitive to market movements. ALKT has a correlation of 0.29 to the broad based SPY ETF.

ALKT has a market cap of $1.12 billion. This is considered a Small Cap stock.

Last quarter Alkami Technology reported $56 million in Revenue and -$.05 earnings per share. This beat revenue expectation by $598,000 and exceeded earnings estimates by $.02.

The top ETF exchange traded funds that ALKT belongs to (by Net Assets): VTI, VB, IWM, VBK, VXF.

ALKT has underperformed the market in the last year with a price return of -15.2% while the SPY ETF lost -11.1%. ALKT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.5% and -21.1%, respectively, while the SPY returned +3.7% and -1.1%, respectively.

ALKT support price is $11.47 and resistance is $12.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALKT stock will trade within this expected range on the day.